haku: @indexterm Institutions / yhteensä: 260
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| Tekijä: | James D. Westphal |
| Otsikko: | Explaining Institutional Decoupling: The Case of Stock Repurchase Programs |
| Lehti: | Administrative Science Quarterly
2001 : JUN, VOL. 46:2, p. 202-228 |
| Asiasana: | CASE STUDIES STOCKS INSTITUTIONS ANALYTICAL REVIEW |
| Kieli: | eng |
| Tiivistelmä: | This study examines firms' decoupling of informal practices from formally adopted policies through analysis of the implementation of stock repurchase programs by large U.S. corporations in the late 1980s and early 1990s, when firms were experiencing external pressures to adopt policies that demonstrate corporate control over managerial behavior. The authors develop theory to explain variation in the responses of firms to such pressures, i.e., why some firms acquiesce by actually implementing stock repurchase programs, while others decouple formally adopted repurchase programs from actual corporate investments, so that the plans remain more symbolic than substantive. |
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